Reports that the U.S. is weighing reductions in tariffs on Chinese imports raised hopes of de-escalating U.S.-China trade tensions, driving a rally across major U.S. stock indices on Wednesday.
The Nasdaq surged 4% (729 points) early, breaking 17,000, before closing up 2.5% (407 points) at 16,708. The DJIA soared as much as 3% (1,189 points), surpassing 40,000, but ended up 1.1% (419 points) at 39,606. The S&P 500 gained 1.7% (88 points).
Despite a 71% YoY 1Q profit plunge that sharply missed expectations, Tesla (TSLA.US) climbed 5.4% at close, uplifted by the “Magnificent Seven” rally. CEO Elon Musk announced plans to hugely reduce time spent on the Department of Government Efficiency (DOGE) next month.
Amazon (AMZN.US) shot up 4.3%. Apple (AAPL.US) and Meta (META.US), despite facing nearly USD800 million in EU fines, gained 2.4% and 4%, respectively. NVIDIA (NVDA.US) advanced nearly 4%.
Intel (INTC.US), reportedly planning over 20% layoffs, jumped up 5.5%. Boeing (BA.US) narrowed its 1Q loss to USD31 million and planned to seek 737 Max production increases by year-end, boosting shares 6% post-earnings.
~
AAStocks Financial News
Web Site: www.aastocks.com
| SG Top Picks |
| Stock & Type |
Code |
Strike(Call Level) |
Last |
Effective Gearing |
| AMZN (C) |
10580 |
245 (-) |
0.097 |
7.1 X |
| AMZN (P) |
10449 |
174 (-) |
0.115 |
7.6 X |
| Nvidia (C) |
10573 |
150 (-) |
0.081 |
5.4 X |
| Nvidia (C) |
10615 |
135 (-) |
0.157 |
4.2 X |
| Nvidia (P) |
10538 |
116 (-) |
0.255 |
3.3 X |
| Nvidia (P) |
10581 |
95 (-) |
0.160 |
3.0 X |
| APPLE (C) |
10551 |
254 (-) |
0.050 |
11.7 X |
| APPLE (C) |
10614 |
236 (-) |
0.201 |
6.6 X |
| APPLE (P) |
10495 |
218 (-) |
0.260 |
6.9 X |
| META (C) |
10579 |
800 (-) |
0.211 |
6.9 X |
| META (P) |
10563 |
600 (-) |
1.350 |
3.3 X |
| TSLA (C) |
10591 |
300 (-) |
0.720 |
3.5 X |
| TSLA (P) |
10604 |
190 (-) |
0.210 |
2.9 X |
